Latham & Watkins has been named the top M&A legal adviser by both value and volume in the oil & gas sector in Q1 2022, according to the latest Legal Advisers League Table by GlobalData. The leading data and analytics company’s Financial Deals Database reveals that Latham & Watkins achieved the top ranking by advising on 12 deals worth $14 billion.

According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1 2022’, a total of 377 M&A deals worth $58.5 billion were announced in the sector during Q1 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Latham & Watkins was among the very few advisers that managed to register double-digit deal volume, while also surpassing the $10 billion mark in total deal value. Although Latham & Watkins went ahead to top the chart, it faced close competition from Vinson & Elkins as it also advised on the same number of deals. However, Vinson & Elkins lagged by around $2.5 billion in value and ended up occupying the second position by both value and volume.”

An analysis of GlobalData’s Financial Deals Database reveals other high rankers by value included Gibson Dunn & Crutcher, with deals worth $10.9 billion; Kirkland & Ellis, with $10.8 billion; and Willkie Farr & Gallagher, with $8.2 billion. By volume, Kirkland & Ellis occupied the third position, with 10 deals; followed by Gibson Dunn & Crutcher, with five deals; and White & Case with four deals.